Looking to diversify beyond DAX? The ETFs below have historically moved differently from DAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DAX
350 ETFs have low correlation with DAX (below 0.3), 99 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 52 | Inverse Equities | DAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.45 | — | — | 61 | Inverse Equities, Leveraged Equities | DAX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.33 | — | 61 | Cryptocurrency | DAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | DAX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | DAX vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.25, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.25 | -0.01 | 0.14 | 80 | Energy | |
| Devon Energy Corporation | -0.23 | 0.02 | 0.16 | 76 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.01 | 0.13 | 84 | Energy | |
| ConocoPhillips Company | -0.21 | -0.01 | 0.13 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.19 | -0.00 | 0.13 | 70 | Energy |
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